Drive profitability and eliminate inefficiency

AI powered forecasting to control your labor costs and aid manual operations.

• Control labor costs
• More efficient labor optimization
• Drive business growth

What is AI Forecasting?

AI Forecasting uses machine learning to supercharge your scheduling by analyzing historical sales data and key labor drivers like transactions, guests, deliveries to predict staffing needs based on anticipated customer demand. AI Forecasting strengthens scheduling tools like HotSchedules by automating scheduling, enhancing labor cost efficiency, and increasing profitability.

• **+20% More Accurate **forecasts when compared to other forecasting
• **+5% Cost Savings **in labor by eliminating overstaffing
• **+2% Sales Revenue **by reducing understaffing

How AI Forecasting Works for Restaurant Labor Optimization

Fourth's AI Forecasting ensures unmatched accuracy by utilizing an extensive dataset from over 100,000 global locations and leading restaurant chains. 1. Data Collection First, we examine your internal and external data, including upwards of seven years of sales, guests, and transactions. 2. Data Preprocessing Next, our algorithm identifies and eliminates anomalies to enhance the accuracy of forecasts. 3. Data Training Using machine learning, our AI algorithm continuously optimizes by comparing predicted outcomes with actual results, refining its accuracy with each update.

Why Choose Fourth’s AI Forecasting

Stronger demand prediction

AI Forecasting algorithms analyze internal and external data points, consumer behavior, and economic trends to accurately predict demand up to eight weeks out. So, you have accurate intel to stick to your labor budget and eliminate systematic inefficiencies like overstaffing and overtime across all locations with.

Insights at your fingertips

Because siloed data is wasted data. Quickly identify employee scheduling and labor trends at the individual, regional, and national level by making workforce management data accessible and digestible. Our custom KPI dashboards make it easy to access popular reports like:

• Sales & labor costs
• Labor variance
• Proforma

Improve guest satisfaction

Perfectly staffed shifts make employees happy. And happy employees deliver exceptional guest experiences.

Improve your forecasting accuracy

Two Labor Forecasting Options to Suit Your Needs

AI Labor Forecasting

Our AI Forecasting never clocks out, automatically generating and delivering the industry’s most advanced forecasts.

• Maintain peak efficiency across all locations with an algorithm analyzing economic trends, consumer behavior, and millions of internal and external data points including 7+ years of historical data, foot traffic, promotions, holidays, weather and more.
• AI forecasting continuously learns and improves its calculation with every new data point, making small, daily adjustments that add up to monumental improvements
• Managers are served up an accurate forecast irrespective of tenure or experience and free from human biases

Standard Forecasting

Standard forecasting moves managers away from Excel sheets and equips them with the necessary tools, data, and technology to create demand forecasts in minutes.

• Forecast averages manager-selected weeks of historical sales data to improve forecasting accuracy by 75% when compared to manual analyses
• Forecasts are generated on-demand and in minutes, saving managers hours of work while improving labor deployment